The U.S. Commodity Futures Trading Commission’s prospective settlement with cryptocurrency exchange KuCoin has been put on pause for approximately six months, following a New York federal district court judge’s order on Tuesday that stayed the litigation.
Lene Powell, a senior legal analyst at Wolters Kluwer Legal & Regulatory U.S, who is not involved in the matter, observed that the order preserves the status quo while the CFTC awaits President Donald Trump’s appointment of a fifth commissioner to the agency, as it currently has two Republican and two Democratic commissioners.